Eaton Vance Management Has $6,843,000 Stake in Murphy Oil Corporation (MUR)
Eaton Vance Management held its stake in Murphy Oil Corporation (NYSE:MUR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 267,001 shares of the oil and gas producer’s stock at the close of the second quarter. Eaton Vance Management owned about 0.15% of Murphy Oil Corporation worth $6,843,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in MUR. Ameritas Investment Partners Inc. acquired a new position in Murphy Oil Corporation during the 1st quarter worth $111,000. Daiwa Securities Group Inc. boosted its position in Murphy Oil Corporation by 24.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,860 shares of the oil and gas producer’s stock worth $125,000 after acquiring an additional 960 shares during the period. Koch Industries Inc. acquired a new position in Murphy Oil Corporation during the 1st quarter worth $208,000. ING Groep NV boosted its position in Murphy Oil Corporation by 0.5% during the 2nd quarter. ING Groep NV now owns 8,313 shares of the oil and gas producer’s stock worth $213,000 after acquiring an additional 39 shares during the period. Finally, Laurion Capital Management LP acquired a new position in Murphy Oil Corporation during the 1st quarter worth $232,000. Institutional investors own 97.68% of the company’s stock.
Shares of Murphy Oil Corporation (NYSE:MUR) opened at 25.35 on Thursday. The stock’s 50 day moving average price is $24.63 and its 200 day moving average price is $25.84. Murphy Oil Corporation has a one year low of $22.21 and a one year high of $35.19. The stock’s market capitalization is $4.37 billion.
Murphy Oil Corporation (NYSE:MUR) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.04. The company had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $495.03 million. Murphy Oil Corporation had a negative return on equity of 1.76% and a negative net margin of 1.83%. During the same period last year, the firm earned ($0.36) EPS. On average, analysts forecast that Murphy Oil Corporation will post ($0.29) EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 14th were paid a $0.25 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.00 annualized dividend and a dividend yield of 3.94%. Murphy Oil Corporation’s dividend payout ratio (DPR) is currently -454.55%.
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A number of brokerages have issued reports on MUR. ValuEngine upgraded Murphy Oil Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub upgraded Murphy Oil Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. KLR Group began coverage on Murphy Oil Corporation in a research report on Wednesday, May 24th. They set a “buy” rating and a $41.00 price target for the company. Zacks Investment Research lowered Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $31.00 price target on shares of Murphy Oil Corporation in a research report on Thursday, August 10th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. Murphy Oil Corporation currently has a consensus rating of “Hold” and an average target price of $30.82.
In other news, insider Kelli M. Hammock sold 4,000 shares of Murphy Oil Corporation stock in a transaction on Friday, August 11th. The stock was sold at an average price of $25.63, for a total value of $102,520.00. Following the completion of the sale, the insider now directly owns 14,298 shares of the company’s stock, valued at approximately $366,457.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Allan J. Misner sold 3,795 shares of Murphy Oil Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $26.05, for a total value of $98,859.75. Following the completion of the sale, the vice president now directly owns 100 shares of the company’s stock, valued at $2,605. The disclosure for this sale can be found here. 6.89% of the stock is currently owned by company insiders.
Murphy Oil Corporation Company Profile
Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.
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